Credit Corp Group Limited (AU:CCP) has released an update.
Credit Corp Group Limited has reported an 18% increase in net profit after tax for its lending segment and a record growth of its consumer loan book to $445 million by the end of FY2024, despite a decrease in overall NPAT. The company has seen improvement in US operations and a strong pipeline for US investments in FY2025, forecasting an NPAT of $90-100 million, up 17% from FY2024. Credit Corp also declared a final dividend of 23 cents per share for FY2024 and remains well-positioned to capitalize on market opportunities with extended banking facilities.
For further insights into AU:CCP stock, check out TipRanks’ Stock Analysis page.
